Watchlist for July 26, 2006

I’m finally closing in on the 1 million visitor mark. If my calculations are correct visitor number 1,000,000 will hit the site on Friday. Friday is also my birthday. Coincidence? I think not. I planned it that way back in 2003 when I started blogging. I feel like I should do a balloon drop or something for visitor number 1,000,000. If only I could identify that person. But maybe I’ll give something away to the first person after 999,999 who identifies themselves. I need to think about this. Any ideas?

Be sure to read the interview with Trader-X. There’s some great info in that article. If I’m ever in Texas I hope to sit at X’s feet and study — I say that in all seriousness. (X, how’s that for a tribute?)

We’re set to gap down today. I’ll be focusing on the stocks that are gapping down on earnings unless/until we reverse. Don’t forget the oil inventory report hits at 10:30.

Potential swing trades:

See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

Gapping down on disappointing earnings/guidance: SIRF -19%, AMZN -15% (also downgrades from Piper and Wachovia),  SOLD -13% (also Piper downgrade), CHH -15% (also downgrades from Bear Stearns and Susquehanna), CYMI -14%, PLT -12% (also Kaufman downgrade), PNRA -10%, GYI -9.4% (also downgrades from Credit Suisse and Kaufman Bros), PFCB -8.5%, GLW -7.2%, LLTC -6.8%, UARM -6.7%, CRS -6.4%, BYD -6.3%, RFMD -6.2%, NSC -5.9%, ESLR -5.8%, HES -5.3% (also Deutsche downgrade), TASR -5.1%, XLNX -4.7%, FDRY -4.7%, BWLD -4%, LSS -3.9%, CX -3.7%, GSK -2.2%, BA -1.7%… Other News: NTRI -2.8% (extends yesterday’s 20% decline, could also be no analysts defended the stock with an upgrade), AMLN -1.5% (Wachovia downgrade), SBUX -1.1%.

Gapping Up

Gapping up on strong earnings/guidance: GM +4.5% (up in sympathy: F +2.4%), MNST +4.3%, YCC +7.8%, BEAV +7.3%, SGTL +19%, PMTC +9%, NHWK +8.2%, WIRE +7.6%, IDTI +4.7%, AJG +4.7%, QLGC +3.6% (also FBR upgrade), SPIL +3.2%, MEA +3%, SUNW +2.9% (also Bear Stearns upgrade), ATI +2%… Other News: CPWR +7.6% (Piper believes CPWR benefits from HPQ’s purchase of MERQ.PK), WFR +5.9% (finalizes solar deal with Suntech), MT +3.2% (Arcelor holders accept bid), CRME +2.9% (extends recent momentum), BOBJ +2.6%, BBBY +2% (JP Morgan upgrade), HCA +1.5% (Blackstone considering bid for co – WSJ), OLAB +19% (developments in Partner Success Holdings merger, light vol 2,400 shares)… Under $3: GNTA +9% (receives Special Protocol Assessment from FDA).

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